Biochar Life

Biochar Life

Biochar carbon removal with smallholder farmers

Biochar carbon removal with smallholder farmers

Overview

Raised to Date: Raised: $141,689

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/17/2024

Close Date

07/15/2024

Min. Goal
$100,000
Max. Goal
$350,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.75X

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/17/2024

Days Remaining

88

% of Min. Goal

142%

% of Max. Goal

40%

Likelihood of Max
extremely
Avg. Daily Raise

$4,571

# of Investors

46

Momentum
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Year Founded

2022

Industry

Farming & Agriculture

Tech Sector

Cleantech

Location

Highland Park, New Jersey

Biochar Life is raising funds on Wefunder. The company is empowering smallholder farmers with its biochar. Biochar is a supercharcoal made by heating biomass without oxygen and helps to remove carbon dioxide from the atmosphere without burning. Biochar Life aims to reduce carbon emissions, enhance public health, reduce poverty, and increase employment. The business has reported a five-time revenue growth in the last twelve months and brought about a sizeable environmental impact with the removal of 10,000 tonnes of carbon dioxide to date. Jason Highberger, Aom Kwanpiromtara, and Evelind Schecter founded Biochar Life in February 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $350,000. The campaign proceeds will be used for marketing and business development activities, strengthening technical and compliance team capabilities, and working capital.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$810,285

$150,952

COGS

$382,075

$152,293

Tax

$0

$0

 

 

Net Income

$-90,438

$-48,407

Summary Balance Sheet

FY 2023 FY 2022

Cash

$323,725

$55,639

Accounts Receivable

$0

$0

Total Assets

$333,825

$71,339

Short-Term Debt

$63,930

$43,056

Long-Term Debt

$408,237

$76,187

Total Liabilities

$472,167

$119,243

Financials as of: 03/17/2024
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Biochar Life on Wefunder 2024
Platform: Wefunder
Security Type: Revenue Share

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